Smart Labels Market Overview

Smart Labels Market Size Was Valued at USD 18.1 Billion in 2023 and is Projected to Reach USD 71.5 Billion by 2032, Growing at a CAGR of 16.49 % From 2024-2032.

Smart labels are innovative tags equipped with technologies like RFID (Radio Frequency Identification) or NFC (Near Field Communication) to provide real-time data about products. They enhance supply chain management, enabling tracking, authentication, and inventory control. Smart labels can store information about a product's origin, expiration date, and usage instructions. They facilitate inventory management, reduce counterfeit products, and enhance consumer experiences through interactive features like product information or promotions accessed via smartphones.

The smart Labels Market is the growing need for product traceability and verification across industries like retail, healthcare, food & beverage, and logistics. RFID and NFC-enabled smart labels allow businesses to monitor their supply chains efficiently, reducing instances of imitating and enhancing inventory management practices. In the retail sector, smart labels facilitate seamless checkout processes and enable retailers to gather valuable insights into consumer behavior. Moreover, the increasing adoption of IoT (Internet of Things) technology is fueling the demand for smart labels as they serve as a crucial interface between physical products and digital platforms. This integration enables innovative applications such as smart packaging, where labels provide real-time information about product freshness and usage instructions.

The Smart Labels Market is also witnessing significant growth due to regulatory mandates aimed at ensuring product safety and authenticity. Governments worldwide are imposing stringent regulations, especially in industries like pharmaceuticals and food, driving the adoption of smart labeling solutions. Furthermore, advancements in printing technologies, such as digital printing and flexible electronics, are making smart labels more affordable and customizable, further boosting market growth. Overall, the Smart Labels Market is poised for substantial expansion driven by technological innovations, regulatory requirements, and the growing need for enhanced supply chain visibility and consumer engagement.

Smart Labels Market

Market Segmentation

Segmentation Analysis of Smart Labels Market:

  • By Technology Type, the RFID segment is accounted for the largest segment with Smart Labels market share of 54.32% and estimated to have a market size of USD 15.39 billion in the year 2026. Due to key benefits associated with the RFID segment like Automatic data capture, information accuracy, and real-time tracking, the segment RFID is growing the Smart Labels market.
     
  • By Applications Type, the Perishable Goods segment is accounted for the largest segment with Smart Labels market share of 45.32% and estimated to have a market size of USD 12.48 billion in the year 2026 with a CAGR of 16.05%. Apart from perishable goods, retail inventory is the fastest and largest growing segment that is witnessing and leading the growth of Smart Labels market.

Regional Insights:

  • The Smart Labels market is growing rapidly in the Asia-Pacific region. Asia-Pacific region is accounted for the largest Smart Labels market share of 37.2% across the globe with a CAGR of 16.52% and a market size of USD 3.71 billion in the year 2019. But in the forecast period, due to the high demand from the regions like China, Japan, Australia, and India, Asia-Pacific is expected to continue the growth with estimated market size of USD 10.71 billion in the year 2026.

Salient Features of the Smart Labels Market

  • Microprocessor from the component segment is expected to show the fastest growth for Smart Labels forecast period due to the heavy demand from the automotive and the electronics industry. Increasing usage from inventory management and asset tracking is driving the Smart Labels market rapidly.
  • The retail segment from the end-user industry is expected to be the largest segment in the forecast period with a Smart Labels market share of 35.36% and an estimated market size of USD 10.06 billion in the year 2026. 
  • Logistics and Fast-moving consumer goods (FMCG) are also one of the fastest-growing while healthcare and pharmaceutical are also expected to have a boost in Smart Labels forecast period with a CAGR of 16.5%.

Major Key Players Considered in the Market

Key Industry Developments in the Smart Labels Market:

  • In July 2023, CCL Industries strengthened its European presence with the acquisition of Germany's Faubel & Co. Nachf. GmbH, a pharmaceutical label business. This strategic move enhances CCL Industries' organizational and operational capabilities, propelling its global expansion efforts. The acquisition underscores CCL Industries' commitment to fortifying its foothold in the European market and signifies a significant step forward in its pursuit of global prominence.
  • In January 2023, Avery Dennison unveiled its acquisition agreement with Thermopatch, a leading provider of labeling and embellishments for various industries. The deal positions Thermopatch under Avery Dennison's RBIS Apparel Solutions division. This strategic move aims to capitalize on collective expertise, enhancing external embellishments. Thermopatch, based in Syracuse, New York, reported 2022 revenues of around $40 million, boasting approximately 200 employees across North America and Europe.

Global Smart Labels Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data :

2017 to 2023

Market Size in 2023 :

USD 18.01 Bn.

Forecast Period 2024-32 CAGR:

16.49 %

Market Size in 2032 :

USD 71.05 Bn.

Segments Covered:

By Technology Type
  • EAS
  • RFID
  • Sensing
  • ESL
  • Near Field Communication (NFC) tags

By Application
  • Retail Inventory
  • Perishable Goods
  • Electronics & IT Assets
  • Others

By Region
  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:
  • Rising Sales of Electronic Products Coupled with Increasing Awareness of Consumer Rights

Key Market Restraints:
  • Low Mechanical Susceptibility

Key Opportunities:
  • Rapid Rise in Disposable Incomes and Improving Smart Packaging

Companies Covered in the report:
  • Avery Dennison Corporation (US), CCL Industries (Canada), Checkpoint Systems (US), Smartrac N.V (Netherlands), Zebra Technologies Corporation (US), and Other major players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Smart Labels Market by Technology Type (2018-2032)
 4.1 Smart Labels Market Snapshot and Growth Engine
 4.2 Market Overview
 4.3 EAS
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.3.3 Key Market Trends, Growth Factors, and Opportunities
  4.3.4 Geographic Segmentation Analysis
 4.4 RFID
 4.5 Sensing
 4.6 ESL
 4.7 Near Field Communication (NFC) tags

Chapter 5: Smart Labels Market by Application (2018-2032)
 5.1 Smart Labels Market Snapshot and Growth Engine
 5.2 Market Overview
 5.3 Retail Inventory
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.3.3 Key Market Trends, Growth Factors, and Opportunities
  5.3.4 Geographic Segmentation Analysis
 5.4 Perishable Goods
 5.5 Electronics & IT Assets
 5.6 Others

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Smart Labels Market Share by Manufacturer (2024)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions  
 6.2 JBT CORPORATION
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 KUKA AG
 6.4 DAIFUKU CO LTD
 6.5 KION GROUP AG
 6.6 OMRON ADEPT TECHNOLOGIES INC
 6.7 AGVE GROUP INC
 6.8 MURATA MACHINERY
 6.9 TRANSBOTICS CORPORATION
 6.10 OCEANEERING INTERNATIONAL INC
 6.11 SEEGRID CORPORATION
 6.12 MURATA MACHINERY
 6.13 SSI SCHAEFER
 6.14 AVT EUROPE NV
 6.15 CASSIOLI SRL
 6.16 TOYOTA INDUSTRIES CORPORATION
 6.17 ROBOTNIK
 6.18 KOLLMORGEN
 6.19 E&K AUTOMATION GMBH
 6.20 BEUMER GROUP GMBH & CO KG
 6.21 MECALUX
 6.22 S.A
 6.23 BASTIAN SOLUTIONS INC.

Chapter 7: Global Smart Labels Market By Region
 7.1 Overview
 7.2. North America Smart Labels Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size by Technology Type
  7.2.4.1 EAS
  7.2.4.2 RFID
  7.2.4.3 Sensing
  7.2.4.4 ESL
  7.2.4.5 Near Field Communication (NFC) tags
  7.2.5 Historic and Forecasted Market Size by Application
  7.2.5.1 Retail Inventory
  7.2.5.2 Perishable Goods
  7.2.5.3 Electronics & IT Assets
  7.2.5.4 Others
  7.2.6 Historic and Forecast Market Size by Country
  7.2.6.1 US
  7.2.6.2 Canada
  7.2.6.3 Mexico
 7.3. Eastern Europe Smart Labels Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size by Technology Type
  7.3.4.1 EAS
  7.3.4.2 RFID
  7.3.4.3 Sensing
  7.3.4.4 ESL
  7.3.4.5 Near Field Communication (NFC) tags
  7.3.5 Historic and Forecasted Market Size by Application
  7.3.5.1 Retail Inventory
  7.3.5.2 Perishable Goods
  7.3.5.3 Electronics & IT Assets
  7.3.5.4 Others
  7.3.6 Historic and Forecast Market Size by Country
  7.3.6.1 Russia
  7.3.6.2 Bulgaria
  7.3.6.3 The Czech Republic
  7.3.6.4 Hungary
  7.3.6.5 Poland
  7.3.6.6 Romania
  7.3.6.7 Rest of Eastern Europe
 7.4. Western Europe Smart Labels Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size by Technology Type
  7.4.4.1 EAS
  7.4.4.2 RFID
  7.4.4.3 Sensing
  7.4.4.4 ESL
  7.4.4.5 Near Field Communication (NFC) tags
  7.4.5 Historic and Forecasted Market Size by Application
  7.4.5.1 Retail Inventory
  7.4.5.2 Perishable Goods
  7.4.5.3 Electronics & IT Assets
  7.4.5.4 Others
  7.4.6 Historic and Forecast Market Size by Country
  7.4.6.1 Germany
  7.4.6.2 UK
  7.4.6.3 France
  7.4.6.4 The Netherlands
  7.4.6.5 Italy
  7.4.6.6 Spain
  7.4.6.7 Rest of Western Europe
 7.5. Asia Pacific Smart Labels Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size by Technology Type
  7.5.4.1 EAS
  7.5.4.2 RFID
  7.5.4.3 Sensing
  7.5.4.4 ESL
  7.5.4.5 Near Field Communication (NFC) tags
  7.5.5 Historic and Forecasted Market Size by Application
  7.5.5.1 Retail Inventory
  7.5.5.2 Perishable Goods
  7.5.5.3 Electronics & IT Assets
  7.5.5.4 Others
  7.5.6 Historic and Forecast Market Size by Country
  7.5.6.1 China
  7.5.6.2 India
  7.5.6.3 Japan
  7.5.6.4 South Korea
  7.5.6.5 Malaysia
  7.5.6.6 Thailand
  7.5.6.7 Vietnam
  7.5.6.8 The Philippines
  7.5.6.9 Australia
  7.5.6.10 New Zealand
  7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Smart Labels Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size by Technology Type
  7.6.4.1 EAS
  7.6.4.2 RFID
  7.6.4.3 Sensing
  7.6.4.4 ESL
  7.6.4.5 Near Field Communication (NFC) tags
  7.6.5 Historic and Forecasted Market Size by Application
  7.6.5.1 Retail Inventory
  7.6.5.2 Perishable Goods
  7.6.5.3 Electronics & IT Assets
  7.6.5.4 Others
  7.6.6 Historic and Forecast Market Size by Country
  7.6.6.1 Turkiye
  7.6.6.2 Bahrain
  7.6.6.3 Kuwait
  7.6.6.4 Saudi Arabia
  7.6.6.5 Qatar
  7.6.6.6 UAE
  7.6.6.7 Israel
  7.6.6.8 South Africa
 7.7. South America Smart Labels Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size by Technology Type
  7.7.4.1 EAS
  7.7.4.2 RFID
  7.7.4.3 Sensing
  7.7.4.4 ESL
  7.7.4.5 Near Field Communication (NFC) tags
  7.7.5 Historic and Forecasted Market Size by Application
  7.7.5.1 Retail Inventory
  7.7.5.2 Perishable Goods
  7.7.5.3 Electronics & IT Assets
  7.7.5.4 Others
  7.7.6 Historic and Forecast Market Size by Country
  7.7.6.1 Brazil
  7.7.6.2 Argentina
  7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
 

Global Smart Labels Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data :

2017 to 2023

Market Size in 2023 :

USD 18.01 Bn.

Forecast Period 2024-32 CAGR:

16.49 %

Market Size in 2032 :

USD 71.05 Bn.

Segments Covered:

By Technology Type
  • EAS
  • RFID
  • Sensing
  • ESL
  • Near Field Communication (NFC) tags

By Application
  • Retail Inventory
  • Perishable Goods
  • Electronics & IT Assets
  • Others

By Region
  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:
  • Rising Sales of Electronic Products Coupled with Increasing Awareness of Consumer Rights

Key Market Restraints:
  • Low Mechanical Susceptibility

Key Opportunities:
  • Rapid Rise in Disposable Incomes and Improving Smart Packaging

Companies Covered in the report:
  • Avery Dennison Corporation (US), CCL Industries (Canada), Checkpoint Systems (US), Smartrac N.V (Netherlands), Zebra Technologies Corporation (US), and Other major players.

Frequently Asked Questions :

What would be the forecast period in the Smart Labels Market research report?
The forecast period in the Smart Labels Market research report is 2024-2032.
Who are the key players in Smart Labels Market?
Avery Dennison Corporation (US), CCL Industries (Canada), Checkpoint Systems (US), Smartrac N.V (Netherlands), Zebra Technologies Corporation (US), and other major players.
What are the segments of the Smart Labels Market?
The Smart Labels Market is segmented into Technology Type, Application, and region. By Technology Type, the market is categorized into EAS, RFID, Sensing, ESL, and Near Field Communication (NFC) tags. By Application, the market is categorized into Retail Inventory, Perishable Goods, Electronics & IT Assets, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Smart Labels Market?
Smart Labels acts as electronic responsive device that is embedded in the body of the product as an identification slip. They are made up of chips, antennae, and bonding wires which help in real-time access and tracking of the devices.
How big is the Smart Labels Market?
Smart Labels Market Size Was Valued at USD 18.1 Billion in 2023 and is Projected to Reach USD 71.5 Billion by 2032, Growing at a CAGR of 16.49 % From 2024-2032.